Wall Street’s Cheapest Bitcoin ETF Made $400 Million Without Lifting A Finger — Executive Sees More Assets Ahead

• Morgan Stanley’s Amy Oldenburg stated the corporate’s Bitcoin Belief has pulled in additional than $400 million since April, with about half coming earlier than advisors or the gross sales group acquired concerned.

• In July, E*TRADE from Morgan Stanley started spot buying and selling for Bitcoin, Ethereum and Solana at 50 foundation factors through Zero Hash.

• The three-asset record “will proceed to evolve,” and self-custody and transfers are on the roadmap, Oldenburg stated.

Morgan Stanley’s (MS) head of digital asset technique, Amy Oldenburg, stated the most affordable spot Bitcoin (BTC) fund on Wall Road has introduced in additional than $400 million since April earlier than its gross sales group even really helpful it.

The primary $200 million or so into the Morgan Stanley Bitcoin Belief (MSBT) was all self-directed, client-placed trades that got here in on model recognition slightly than distribution, Oldenburg stated on Saturday, talking with Scott Melker on the Out East Summit on Lengthy Island’s North Fork. She stated advisor-driven exercise has additionally elevated in latest weeks.

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More Assets To Come

E*TRADE from Morgan Stanley launched its spot crypto platform in July, permitting eligible purchasers to purchase, promote, and maintain Bitcoin, Ethereum (ETH), and Solana (SOL) at 50 foundation factors by digital asset infrastructure supplier Zero Hash.

The property are held in a linked Zero Hash account, not with Morgan Stanley, and aren’t Federal Deposit Insurance coverage Company (FDIC) or Securities Investor Safety Company (SIPC)-insured.

The record of three property “will proceed to evolve,” Oldenburg stated, including that the agency is “working very onerous to ensure that we will activate some extra property within the close to time period.” Self-custody and transfers are on the roadmap, she stated, citing the agency’s submitting for an OCC digital belief constitution. She added that, “There’s nonetheless extra to come back, and I believe sadly the surroundings, particularly this 12 months, it has been robust so as to add when you’ve so many different property throughout your total portfolio which were performing so properly.”

MSBT’s worth closed down over 1% on Friday. On Stocktwits, retail sentiment round MSBT remained within the ‘bullish’ zone, accompanied by ‘excessive’ chatter ranges over the previous day.

Cheapest Price In Class

MSBT has the sponsor payment of 0.14%, the bottom amongst all suppliers, undercutting BlackRock’s (BLK) iShares Bitcoin Belief and Grayscale’s Bitcoin Belief (GBTC) by 11 foundation factors and 136 foundation factors, respectively. Oldenburg stated the agency wished to ensure the product was priced properly for {the marketplace} earlier than layering on extra superior choices.

Morgan Stanley’s work on asset allocation on the wealth facet is “comparatively restricted,” with many purchasers having no publicity to crypto, Oldenburg stated. In October 2025, the agency’s International Funding Committee really helpful that purchasers allocate 2% of balanced progress portfolios, 3% for market progress and 4% for opportunistic progress to crypto, whereas no allocation was really helpful for wealth preservation and revenue mandates.

BTC’s worth was buying and selling at $64,482, up over 1% within the final 24 hours. On Stocktwits, retail sentiment round BTC remained within the ‘impartial’ zone, whereas chatter stayed at ‘low’ ranges over the previous day.

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Anushka Basu has no place in any of the shares talked about on this article. StockTwits’ information group content material is for informational functions solely and isn’t supposed as funding recommendation. For extra, see our editorial policy. This text was initially printed on StockTwits.

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